Why co-operative societies need not file IT return?

Radhakrishnan K.V. , Last updated: 31 January 2018  
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There is no reason why a co-operative society should file income tax return. We may examine the provision In the Income Tax Act 1961 which requires a person to file return of income. Section 139 (1) states as follows:- 'Return of income- Every person - (a) being a company or a firm; or

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Published by

Radhakrishnan K.V.
(Joint Registrar of Co-operative Societies (Rtd.))
Category Income Tax   Report

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